NextEra Energy Inc. (NEE) Position Held by Beck Mack & Oliver LLC
Beck Mack & Oliver LLC held its stake in shares of NextEra Energy Inc. (NYSE:NEE) during the second quarter, Holdings Channel reports. The fund owned 11,552 shares of the company’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in NextEra Energy were worth $1,506,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in NEE. Riggs Asset Managment Co. Inc. raised its position in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. Cribstone Capital Management LLC bought a new position in shares of NextEra Energy during the second quarter worth about $149,000. Vigilant Capital Management LLC raised its position in shares of NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock worth $161,000 after buying an additional 680 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of NextEra Energy during the second quarter worth about $176,000. Finally, Winslow Evans & Crocker Inc. raised its position in shares of NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock worth $179,000 after buying an additional 116 shares during the last quarter. 74.51% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 0.25% during trading on Friday, reaching $124.32. 661,204 shares of the company’s stock traded hands. NextEra Energy Inc. has a one year low of $96.19 and a one year high of $131.98. The stock has a market cap of $57.43 billion, a P/E ratio of 22.25 and a beta of 0.28. The firm’s 50 day moving average price is $123.21 and its 200-day moving average price is $122.79.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. The business earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 EPS. On average, equities analysts anticipate that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.79%. NextEra Energy’s dividend payout ratio is presently 62.59%.
A number of research analysts have issued reports on NEE shares. Deutsche Bank AG lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target on the stock. in a research note on Friday, September 23rd. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating and set a $149.00 price target on shares of NextEra Energy in a research note on Tuesday, September 27th. KeyCorp restated an “outperform” rating and set a $134.00 price target (up previously from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Finally, Mizuho restated a “buy” rating and set a $138.00 price target on shares of NextEra Energy in a research note on Friday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $127.61, for a total transaction of $2,101,353.87. Following the completion of the sale, the vice president now owns 22,916 shares in the company, valued at approximately $2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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